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...European Union and the United States announced an accord Wednesday to end their years-long dispute over whether E.U. trade policy illegally favored bananas imported from former European colonies in Africa, the Caribbean and the Pacific over cheaper bananas from Latin America sold by U.S. firms Chiquita and Dole. The E.U. promised to reduce those quotas from 850,000 to 750,000, and the U.S., in exchange, will lift price-doubling retaliatory tariffs on European imports ranging from French handbags to British linens and Danish ham, tariffs the Clinton administration felt justified in imposing after it won a WTO decision...
...announced he was abandoning his campaign pledge to curb CO2 emissions from power plants, having concluded that the gas shouldn't be regulated as a pollutant, particularly during a burgeoning energy crisis. If the President also backed away from Kyoto, as he threatened to do during the campaign, the accord could...
Simple atmospheric arithmetic suggests that this kind of sliding scale for emissions makes sense, but a closer look explains the Administration's objections. The category of developing countries, for the purposes of the accord, included China and India, major powers by almost any measure. Giving two such heavyweights a CO2 waiver while the U.S. had to carry its share struck a lot of people as galling. "A protocol that excepts China and India and...penalizes American industry...wouldn't be ratifiable," says Rice...
...public-policy issue is so urgent that we should give it special treatment in the magazine. We felt that way about AIDS in Africa in January; this week we devote 16 pages to the crisis of global warming. We explore at length the reasons President Bush abandoned the Kyoto accord and the ensuing uproar, but we devote the first part of the package to a meticulous account of the latest scientific research that shows the world is getting warmer. Good-hearted people may disagree on how much humans are to blame for this...
...will have plenty of company in pushing for the European Union countries to ratify the Kyoto accord in 2002, even if there is no place in it for America, which has 4% of the world's population but generates about 25% of its greenhouse gases. But the E.U.'s own studies have shown that unless European countries start implementing changes themselves, they will miss their own Kyoto target: instead of 8% below 1990 levels, the Union is on course to be 6% above...